Settings8H · net · $10k
Funding arb · Price arb /

UB

all UB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0693%/8h= +75.8% APRnext payment +$3.46 per $10,000 · paid last 24h +0.067%
Price spread now: Aster against BingX+0.214%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1451.453% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.123%+$12 on $10k
Price spread, last 4 days (all we have)−0.206%−$21 · spread now +0.214%, 7d avg +0.048%
Together, before fees−0.082%+ Points / potential airdropAster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Aster is 0.165% dearer against BingX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.048%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.123% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.46 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX UB-USDT0.14520.0100pay 0.0050% / 4h2h 31m$2.7M
ShortAster UBUSDT0.14550.0793get 0.0396% / 4h2h 31m$395K$203K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$145.45
Price spread: +0.214% → +0.048%
$16.51
Slippage, 4 orders
−$127.27
Fee BingX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
$16.69
Costs to cover
1.453%
Break-even
6.2 days
Slippage from BingX: live order book, 8 min ago; Aster: live order book, 55 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 8 min ago5.11 bp33.2 bp −$33141.6 bp −$1,416doesn't fitdoesn't fit
Sell Aster live order book, 55 min ago5.11 bp42.0 bp −$42doesn't fitdoesn't fitdoesn't fit

UB on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin UB-USDT+0.0072%4h0.1460+0.572%$161K$1.2M50xas long as short
Binance UBUSDT+0.0100%4h0.1454+0.135%$3.2M$16.4M50xas long as short
Bybit UBUSDT+0.0100%4h0.1452−0.007%$1.1M$2.4M20xas long as short
OKX UB-USDT-SWAP+0.0100%4h0.1452+0.014%$1.3M$15.9M20xas long as short
Gate UB_USDT+0.0100%4h0.14520.000%$1.5M$3.4M25xas long as short
MEXC UB_USDT+0.0100%4h0.1453+0.103%$661K$699K100xas long as short
KuCoin UBUSDTM+0.0100%4h0.1452+0.019%$1.0M$1.4M20xas long as short
Bitget UBUSDT+0.0100%4h0.1456+0.296%$2.3M$3.6M50xas long as short
BingX UB-USDTlong+0.0100%4h0.1452long leg$2.7M
Variational Omni UB+0.0100%4h0.1463+0.754%$92$5Kas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX UBUSDC+0.0100%4h0.1465+0.908%$37K$259K10xas long as short
HTX UB-USDT+0.0100%4h0.1456+0.269%$15K$168K20xas long as short
Extended UB-USD+0.0104%1h0.1453+0.077%$938$176K5xas long as short
Aster UBUSDTshort+0.0793%4h0.1455+0.214%$395K$203K5x